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Albany International reports Q2 earnings miss, stock price drops 23.63%.
ByAinvest
Saturday, Aug 9, 2025 11:35 am ET1min read
• Albany International Corp. investigated for securities fraud and unlawful practices. • Missed Q2 2025 non-GAAP earnings per share estimates by $0.16. • Stock price fell 23.63% to $54.19 per share after reporting financial results. • CEO cited timing and operational issues for lagging expectations.
NEW YORK, July 02, 2025 — Pomerantz LLP has initiated an investigation on behalf of investors of Albany International Corp. (NYSE: AIN). The firm is examining potential claims of securities fraud or other unlawful business practices by the company and its officers or directors [1].The investigation comes on the heels of Albany International's second-quarter 2025 financial results announcement. The company reported non-GAAP earnings per share of $0.57, missing analysts' consensus estimates by $0.16. Albany International's President and CEO cited timing and operational issues for the underperformance [2].
Following the earnings report, Albany International's stock price plummeted, falling $16.77 per share, or 23.63%, to close at $54.19 on July 31, 2025. The significant drop highlights the market's reaction to the company's disappointing financial performance [2].
Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980, for more information about the investigation [1]. Pomerantz LLP is renowned for its work in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for class members [1].
Albany International operates in the machine clothing and engineered composites sectors, with a focus on paper machine clothing and engineered composites. The company's stock is currently held by institutional investors and hedge funds, with 97.37% of the shares owned by these entities [2].
The investigation by Pomerantz LLP is a significant development for Albany International and its investors. The company's financial performance and potential legal issues will be closely watched by the market.
References:
[1] https://www.morningstar.com/news/pr-newswire/20250806dc46061/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-albany-international-corp-ain
[2] https://www.marketbeat.com/instant-alerts/albany-international-nyseain-releases-earnings-results-misses-estimates-by-016-eps-2025-07-30/
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